German passport is not the world's most powerful anymore

The listing ranks each country's passport based on how much visa-free travel it grants its holders. According to the Index, Greeks can travel to 174 countries around the world without applying for a visa, while Japanese citizens can travel to 189.

On the flip side, the report points out that China is also "reciprocating the warm welcome it has received on the global stage", offering 59 countries visa-free access to its popular Hainan province for up to one month.

The index, compiled by global citizenship and residence advisory firm Henley & Partners, said almost 40 visa-waiver agreements have been signed by governments since the start of the year.

Portugal, UK, Norway, Austria, Luxembourg and the Netherlands with visa-free access to 177 countries, while Canada, Switzerland, the U.S. and Ireland are fifth gaining visa-free entry to 176 countries.

The US and the United Kingdom are tied in 4th place, along with Luxembourg, the Netherlands, and Portugal; the US has climbed one place compared to the first quarter of the year, while the United Kingdom has remained stable.

This year's index surveyed 199 countries and their passports' accessibility to 227 different nations.

The UAE Ministry of Foreign Affairs said recently that the country is actively strengthening its diplomatic efforts in a bid to have one of the top five passports in the world, as part of its UAE Vision 2021 plan.

In April, Russia announced that all the travellers with tickets to the upcoming football event-FIFA World Cup in June and July 2018 would get their visas waived. The country is ranked 47th in the latest ranking, falling from its previous spot at 45th position.